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    Income-Producing Villa with Ocean Views Title is generated by Realmo AI

    16 Rua Encosta Dos Magos, FL

    Claim this Listing
    For Sale
    $1,990,000

    MULTI_FAMILY - Canico, FL

    Property size:
    1,415 SF
    Lot size:
    0.07 Acres
    Price / SF:
    $1,406/SF
    Added:
    May 11, 2026
    Days on Market:
    48
    Last Refresh:
    Jun 27 at 12:06 pm

    Property Features for 16 Rua Encosta Dos Magos

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Residential
    Bedrooms
    3
    Rooms
    Bedroom 3, Bedroom 2, Bathroom 3, Bedroom 1, Bathroom 1, Bathroom 2
    Patio and Porch features
    Patio
    Exterior features
    Balcony, Garden, Outdoor Kitchen, Private Rooftop Terrace
    Standard status
    Active
    APN
    1943b
    Size
    1,415 SF
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Frao autonoma B, prop. horizontal, CRP Santa Cruz no 1943, Canico. Lic. Util. 58/2023. Moradia T3, 3 suites, logradouro priv.
    Tax Annual Amount
    517

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Zoned
    Cooling system
    Central Air, Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    2023
    Floors in Building
    3
    Number of units
    3
    Flooring type
    Tile - Ceramic, Marble, Wood
    Building materials
    Concrete, Stucco
    Roof type
    Concrete
    Additional Structures
    Pergola, Outdoor Kitchen

    We can help!

    Contact an agent
    Viktoriia Volynets

    Listing agent Viktoriia Volynets License #3474750

    Listing office LoKation 1500 E Atlantic Blvd. The K. Co. Building, Pompano Beach, FL

    Listing date May 11, 2026

    MLS# B26026997 Listing URL

    Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 2023‑built villa legally operated as 3 short‑term suites under RNAL #160289 (ONE moradia, ONE AL license).
    • Total 3 bedrooms, 3.5 bathrooms, 1,415 sqft; each suite is 1 BR/1 BA with kitchenette, private terrace, and full furnishing.
    • Rooftop outdoor kitchen with private rooftop terrace and 360‑degree ocean views.
    • Income and occupancy disclosed: 2025 gross $194,102 at ~94% occupancy; NOI $140,706 with 7.07% cap rate (per documents).
    • Heating and cooling include zoned heating, central air, and ceiling fans.
    • Utilities and services: natural gas available; public water and public sewer.

    Overview

    This income-producing villa, legally classified as one moradia, is operated as three short-term rental suites. The property features a rooftop outdoor kitchen and offers 360-degree ocean views. Built in 2023, the modern villa has a Class B energy rating. Each suite includes one bedroom, one bathroom, full furnishings, a kitchenette, and a private terrace. The suites can be configured with reversible interior partitions. The property totals 1,415 square feet and includes three bedrooms and 3.5 bathrooms. The property is located in Canico, 8 km east of Funchal, on a lot of approximately 0.07 acres. The property is registered under Alojamento Local RNAL #160289. The property is currently operating at approximately 94% occupancy.
    Location Intelligence

    Current Use by Public Records

    Short term rental ...

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    FAQs

    What type of property is this?
    Short term rental property - Modern villa in Canico operating as three short-term rental suites.
    Where is this short term rental property located?
    The property is located at 16 Rua Encosta Dos Magos FL.
    What is the asking price?
    The asking price for this property is $1,990,000.
    What are key features of this property?
    This property features: 2023‑built villa legally operated as 3 short‑term suites under RNAL #160289 (ONE moradia, ONE AL license).; Total 3 bedrooms, 3.5 bathrooms, 1,415 sqft; each suite is 1 BR/1 BA with kitchenette, private terrace, and full furnishing.; Rooftop outdoor kitchen with private rooftop terrace and 360‑degree ocean views.
    (754) 317-1121
    We can help!
    Contact an agent
    Viktoriia Volynets
    Real Estate License ID: 3474750
    Learn More
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